As Nevada enters Phase 2 of reopening after the COVID-19 shutdown, small-business owners need additional guidance to help them reopen their businesses and capitalize on opportunities to strengthen their business in the new economic climate the pandemic has created.
The tools economists use to measure economic activity to predict economic growth or recession across the U.S. are evolving — especially with the rise of online sales. And now, as the pandemic is shifting consumer habits and straining industries nationwide, the need for a timely sense of economic activity is more vital than ever.
During the COVID-19 crisis, small-business owners need additional support and guidance, as well as opportunities to talk with other small-business owners. University of Nevada, Reno Extension is offering virtual question-and-answer “Coping With COVID-19 Town Halls” for small businesses every Wednesday, and webinars on specific topics for small businesses every Friday. The town halls and the webinars are offered in Spanish and English and are aimed at helping small businesses “pivot and adapt” during this challenging time.
The Vegas Chamber will present a webinar on saving the restaruant business on Thursday, May 14.
While imposing quarantine measures is effective in slowing the spread of the virus, it adversely affects the economy by restricting trade. This juxtaposition of healing and harm hurts not only Nevada business owners, but nonprofits throughout the state as well. Many of these organizations are reliant upon a functioning economy in order to operate, yet they are still making the best out of the current pandemic to provide services to those in need.
“There are tons of masterminds out there,” Edholm said. “There aren’t ones that tie in personal development and give you a chance to escape once a month by being in a beautiful space in Las Vegas.”
Top Workplaces Nevada has announced its top companies for 2020. The specific rankings of companies and how they placed in the three categories — small, medium and large — will be announced at a special awards celebration, which will be held later this year.
In response to the COVID-19 pandemic that continues to threaten local economies across the country, the U.S. Small Business Administration has increased efforts to alleviate the hardship experienced by small businesses.
Nevada Bankers Association CEO Phyllis Gurgevich issued a statement following an announcement by Nevada Gov. Steve Sisolak that he is temporarily suspending all foreclosures in the state during the coronavirus crisis.